Transcription of CHAPTER EIGHT: JUST-IN-TIME CONCEPT - …
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CHAPTER EIGHT: JUST-IN-TIME CONCEPT - …
JUST-IN-TIME Manufacturing 8-1 8 JUST-IN-TIME MANUFACTURING MGT2405, University of Toronto, Denny Hong-Mo Yeh JUST-IN-TIME (JIT) manufacturing has been implemented successfully in Japan for the past 20 years. It is a philosophy as well as a technique that guides a manufacturing company in organizing and managing its business more effectively, and in planning and controlling its operations more efficiently. It is a way to achieve high velocity manufacturing. High Velocity Manufacturing Traditionally, a manufacturing business competes on price, quality, variety, after service, etc. Now, these conditions are merely prerequisites. Few businesses exist today without offering low prices, high quality, and good service.
Just-In-Time Manufacturing 8-3 discussed in Chapter one, systems run in different ways in different environments. For example, dedicated special facilities are used in make-to-stock environments; general
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